The Ministry of Finance offers “to uncover stocks” and seriously increase the volume of privatisation in 2016

The Ministry of Finance offers “to uncover stocks” and seriously increase the volume of privatisation in 2016


MOSCOW, December 16. The Finance Ministry expects the adoption of several decisions on the budget for 2016 in this year.

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The journalists at the briefing said Finance Minister Anton Siluanov.

The government is currently actively discussing possible adjustments. “We are now preparing scenarios based on different scenarios. The government will consider them and decide. It is possible that some of these decisions will be adopted in the current year”, – he said.

According to him, “first of all, scenarios are considered depending on oil prices”. “As one of the options to $40 a barrel, but you need to be ready for anything.”

Decision on the budget in 2016 can be taken in the current year

The Minister also said that the Agency expects the adoption of several decisions on the budget for 2016 in this year.

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The government is currently actively discussing possible adjustments. “We are now preparing scenarios based on different scenarios. The government will consider them and decide. It is possible that some of these decisions will be adopted in the current year”, – he said.

According to him, “first of all, scenarios are considered depending on oil prices”. At the same time “as an option $ 40 per barrel, but you need to be ready for anything.”

The Ministry of Finance also allows for the budget deficit this year at 2.8%, Siluanov said.

“According to our estimates, 2,9% 2,8%”, – said the Minister.

How much will oil cost in 2016.

The demand and the price of oil in 2016 will keep the decline, in some periods the price of oil will fall below $30 per barrel. This was announced by the Russian Finance Minister Anton Siluanov at the meeting in Kazan.

“Over the past year, the international monetary Fund the fourth time revising the Outlook to the downside the global economy, this suggests that demand for oil will also fall.

We see that now large amounts of oil reserves and the yield the following year on the oil market of new players – I mean Iran with capacity 1 – 1,5 million barrels a day, – all the evidence suggests that low oil prices in next year will dominate and it is possible that during certain periods it will be $30 per barrel, maybe less,” – said Siluanov.

The forecast for outflow of capital improved

The forecast for capital outflows improved to $57-58 billion in 2015, said Siluanov.

Earlier, the Ministry had predicted outflows of $60 billion.

“Originally planned outflow of $110-120 billion, the Finance Ministry talked about $80 billion.

We now expect $57-58 billion,” the Minister said. He stressed that “foreign investors again started to invest in our OFZ, about 140 billion roubles is those investments that foreigners have invested this year in our Russian (sovereign) paper”.

How you plan to gain from privatization of “Rosneft”

Siluanov also said that in the next year from the privatization of 19.5% stake in Rosneft could be sold for at least 500 billion rubles.

“We are ready and carry out necessary actions to sell a 19.5 percent stake in Rosneft. On it high hopes. I think that in rubles it cost (in 2014), so worth it,” he said.

“The Ministry is addressing this issue so that next year we could privatize part of the package of “Rosneft”. We believe that… in rubles it is about 500-550 billion. Not less than 500 billion rubles”, – said Siluanov.

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According to Siluanov, the company “it will be only plus”, and in the transaction can participate and foreign companies, including Chinese.

State-owned stake in the largest Russian oil company “Rosneft” can be sold in 2016, reported earlier the Minister of economic development Alexei Ulyukayev.

The program of borrowing in 2015 will be completed

The Finance Ministry will fully comply with the program of borrowing for the year 2015 in the amount of 750 billion rubles. The journalists at the briefing said Finance Minister Anton Siluanov.

“This year, we fully execute our program of borrowing, which, incidentally, was infrequent in previous years, almost was not. And this year we are in full, despite all the difficulties, execute program. 750 billion rubles – this amount will be issued bonds, in the order of 700 billion rubles we will bring in the sources of deficit financing”, – said the Minister.

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